Word Problem Equations

Sep 7th, 2015
Price: $5 USD

Question description

I'm trying to solve the following word problem and am having a hard time. Help but no answer please? 

Suppose a person invests $10,000 in two accounts. One account earns 5% annually and the other earns 6% annually. If the total interest earned from both accounts in a year is $560 how much is invested in each account? 

So far I have... 0.05x+0.06y=560

not sure where to go from there or what else to do. Help please! 

Tutor Answer

(Top Tutor) Daniel C.
School: University of Maryland

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